The Nagaland Sales Tax (Amendment) Act, 1978
The Nagaland Sales Tax (Amendment) Act, 1978
Tax19783 sections
This Act amends the Nagaland Sales Tax Act of 1967 to change how sales tax is calculated. It introduces a specific formula using the tax rate and total sales price to determine the tax amount. The law applies to registered dealers in Nagaland who collect sales tax. It matters because it provides a clear method for calculating tax liability, ensuring tax is deducted from total sales prices based on the applicable rate, and clarifies that the formula must be applied separately for different parts of a dealer's turnover if they are taxed at different rates.
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